As the search for additional income channels intensifies, five online side hustles are emerging as lucrative options in 2023.
- The role of a Netflix tagger has surged in popularity with a potential earning of £20 per hour, driven by an increase in online searches.
- Virtual assistant positions remain attractive, offering flexible work-from-home arrangements and the possibility of earning up to £50 an hour.
- Audio transcription continues to grow, with starting earnings at £18 per hour, as the demand for transcribing services expands.
- Online focus groups and time stamping on video platforms are becoming viable methods for generating extra income with significant earning potential.
In today’s digital economy, the pursuit of extra income through online avenues is gaining unprecedented momentum. Among the noteworthy side hustles identified, the role of a Netflix tagger stands out, experiencing a remarkable 5400% growth in interest over the past year. This position entails watching content on Netflix and categorising it by genre and other identifiers to improve searchability for users. With TikTok playing a pivotal role in its viral spread, the job is highly desirable yet remains competitive, calling for frequent monitoring of job openings.
The growing interest in becoming a virtual assistant has been substantial, with expectations of a 137% rise in the next five years. Virtual assistants engage in a variety of tasks such as scheduling appointments, handling administrative duties, and managing emails, offering a flexible work-from-home solution that aligns with modern work-life balance preferences. Depending on the client and level of expertise, these roles can command an hourly wage ranging from £30 to £60, providing a lucrative income stream adjacent to conventional employment.
The demand for transcribing services has surged by 39% over the past year and is projected to double soon, establishing it as a strategic option for those seeking supplementary income. This role involves converting audio and video recordings into text format, which necessitates precision and attentive listening skills. Entry into this field is relatively straightforward, with platforms such as TranscribeMe offering remuneration between £15 and £22 per audio hour, making it an accessible and flexible employment choice.
Online focus groups present another burgeoning opportunity, with the term experiencing a predicted increase of 184% in search interest. These platforms require participants to provide feedback on products and services, typically compensating around £25 per hour for their insights. As more companies pivot towards digital engagement strategies, the demand for focus group participants is on the rise, presenting an opportune moment for individuals to capitalise on these roles.
Lastly, time stamping on digital platforms such as YouTube and TikTok offers an innovative approach to earning income. This entails identifying and curating compelling content clips, an activity that has seen an 83% increase in search interest over the next two years. With potential monthly earnings between £2,000 and £5,000, this venture allows individuals to monetise their media consumption patterns and creativity effectively.
These online side hustles present viable paths for augmenting income in a digital-first era, reflecting evolving workforce dynamics.
